Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/5/2011

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,376.00
  • Silver price - $29.32
  • Platinum price - $1,722.10
  • Palladium price - $757.40

 

COMMENTARY: Yesterday’s drop in precious metals (commodities in general) was a result of traders taking profits. Gold had gone up $100 in the past two months while silver gained 25%. Traders were saying that the fact that commodities took their biggest one day plunge in eight weeks is completely warranted and not unexpected. Is this pause a buying opportunity? Jim Cramer thinks so. Yesterday he stated that gold is no where near its highs. He points out that currently, money managers hold less than 1% of gold in the portfolios and until it rises to 5%, there is a long way to go for gold prices.

For those who may think the European debt crisis is over because it is not frequenting the news of late; Portugal had to pay almost twice as much to sell its T-Bills as it did in September.

Gold spot price is currently off $3.80 – Silver is off 21 cents – Platinum is down $23.30 – Palladium spot price is off $12.70

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays:

 
Gold
Silver
Platinum
Palladium
CONMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM

Disclaimer:
APMEX’s ‘Market Reports’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Back To Top

Items In Cart


There are no items in the cart.

AURIC